Moody’s to give Scotland A-rating

Scotland would likely see its an investment-grade credit rating drop two notches if it votes for independence, while the UK’s rating would rise, ratings agency Moody’s said yesterday. “While there are significant uncertainties associated with Scottish arrangements post-independence, an A rating is perhaps the most likely at the outset, but with risks tilted to the downside.” Moody’s said independence could be a “credit positive” for the UK.